Prompted by New York’s forthcoming adoption
of the 150-hour requirement to sit for the CPA exam, the
NYSSCPA’s Quality Enhancement Policy Committee drafted
a white paper to
encourage discussion on what skills and knowledge should
be required as part of the pre-certification education
of CPAs.
This white paper, which was approved by the Society’s
Board of Directors, is presented here, along with additional
commentary from the NYSSCPA’s Higher Education Committee.

More
than six years have passed since Congress enacted the Sarbanes-Oxley
Act (SOX) in the wake of the Enron collapse and other corporate
debacles that shook the investor community and the general
public.Facing political pressure to act, the U.S. House of
Representatives and the Senate quickly passed a package
of reforms by near-unanimous approval. Full
Story

Much-needed accounting reform died in the New York
State Senate on June 23. Although the assembly unanimously
passed the legislation, the senate did not vote on the bill.
What makes this more disappointing is that the senate had
brought an identical bill with identical language on its
floor. For almost 10 years, the NYSSCPA has pushed for necessary
accounting reform in New York. Full
Story

The
Economic Stimulus Act of 2008 that was signed into law on
February 13, 2008, includes a broad rebate program for individual
taxpayers. In general, individuals with earned income between
$3,000 and $75,000 receive $600. A
couple filing jointly with earned income between $3,000
and $150,000 receives $1,200.Full
Story

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